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Hofseth Biocare ASA (HOFBC.OL)

HOFBC.OL on Oslo Stock Exchange

29 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Hofseth Biocare cancels subsequent offering
Thursday, 26 May 2016 07:24am EDT 

Hofseth Biocare ASA : Board of Directors decided to withdraw its proposal for subsequent offering .Says the company's existing shareholders have been able to neutralize dilutive effect of share issue, which was adopted on April 22, by buying shares in open market at price below subscription price of 2.00 Norwegian crowns per share.  Full Article

Hofseth BioCare Q1 EBIT widening to NOK 25.5 million
Monday, 23 May 2016 01:46am EDT 

Hofseth BioCare ASA : Said on Friday operating revenues of 5.4 million Norwegian crowns ($650,000) was in the first quarter of 2016, in line with the first quarter of 2015 .Q1 operating profit (EBIT) was negative 25.5 million crowns, compared to negative 18.6 million in the same quarter last year.  Full Article

Hofseth Biocare ASA completes private placement
Friday, 22 Apr 2016 12:00pm EDT 

Hofseth Biocare ASA:Completed private placement of 23.6 million Norwegian crowns towards certain existing shareholders and external investors through issuance of 11.8 million new shares at subscription price of 2 crowns per share.Raised about 12.9 million crowns in cash and about 10.7 million crowns through conversion of debt.  Full Article

Hofseth Biocare starts selling products in XXL
Wednesday, 20 Apr 2016 08:25am EDT 

Hofseth Biocare ASA:Hofseth BioCares ASA has today signed an agreement with XXL GrossistNorge AS and XXL Europe GmbH for the deliveies of a variety of finished products for sale in Norway, Sweden and Finland.Deliveries to XXL starts during summer of 2016 and will be in stores XXLs immediately thereafter.Final size of contract is still uncertain and will depend on sales volumes in three countries.  Full Article

Arctic Seafood Group sells 6.2 mln shares in Hofseth Biocare
Wednesday, 24 Feb 2016 11:14am EST 

Hofseth Biocare ASA:Says Arctic Seafood Group AS has sold 6,150,000 shares in Hofseth Biocare ASA.After the transaction, Arctic Seafood Group AS owns 40,282 shares, representing 0.04 pct of total shares in the company.  Full Article

Hofseth Biocare new study shows ProGo significantly reduces BMI
Tuesday, 9 Feb 2016 07:04am EST 

Hofseth Biocare ASA:Says new study shows ProGo significantly reduces BMI.Study shows that daily dietary intake of 16 g of HBCs salmon protein hydrolysate powder for 42 days, statistically significantly reduced Body Mass Index by 5.6 pct in overweight subjects, in comparison with whey protein isolate as placebo-control.Says the company's new study on the effects of HBCs salmon protein ProGo has been accepted for publication in the Journal of Obesity & Weight Loss Therapy in USA.  Full Article

Hofseth Biocare says Roger Hofseth to serve as chairman until AGM in 2016
Monday, 4 Jan 2016 06:20am EST 

Hofseth Biocare ASA:Chairman of board in Hofseth Biocare ASA, Kjetil Olsen, has passed away​.Main shareholder in HBC, Roger Hofseth, will serve as chairman until AGM in 2016.  Full Article

Hofseth Biocare reaches settlement with the insurance company If ..
Monday, 9 Nov 2015 02:00am EST 

Hofseth Biocare ASA:On Nov. 6 2015 Hofseth Biocare announced that the company had taken legal action against the insurance company If .. in connection with a steam boiler breakdown Aug. 20, 2014.The parties have reached an amicable settlement where If .. will compensate HBC an amount of 23 million Norwegian crowns ($2.7 million).The amount will be paid to HBC by no later than Nov. 21th.Each party will cover their own costs related to the case.As a consequence of the amicable settlement the case will be withdrawn in a joint pleading to the District Court.The settlement will entail full profit and loss impact as the company is in non-taxpaying position at the moment.Similarly, the company's equity will be strengthened by 23 million crowns.The profit and equity impact will be registered in the Q4 accounts to be presented in Feb. 2016.  Full Article

Hofseth Biocare takes legal action against Insurance company If..
Friday, 6 Nov 2015 03:55am EST 

Hofseth Biocare ASA:Has taken legal action against the insurance company If.. in connection with the steam boiler breakdown which the company announced on Aug. 20, 2014.A court is expected during Q4.Claims Hofseth Biocare has filed are capped at 79 million Norwegian crowns.  Full Article

Hofseth Biocare signs contract on ProGo with Fraser Cameron Healthcare
Monday, 24 Aug 2015 09:40am EDT 

Hofseth Biocare ASA:Hofseth BioCare signs a contract with Fraser Cameron Healthcare Ltd. (FCH) on shipments of HBCs salmon protein hydrolysate ProGo.Contract extends over 3 years and will be used for new product for weight control in the United Kingdom.Agreement is entered into via HBCs distributor, Aceto Health Ingredients.First deliveries will take place in the fourth quarter of 2015.Total contract value over three years, is estimated to 24 million Norwegian crowns.  Full Article

BRIEF-Hofseth Biocare cancels subsequent offering

* Board of Directors decided to withdraw its proposal for subsequent offering